EnglishMyanmar (Burmese)

Elliott wave Ripple analysis 15.06.2022

The XRPUSD downtrend continues. Wave Z is developing as a simple zigzag [A]-[B]-[C] in the motive wave (Y). The final impulse wave [C], composed of sub-waves (1)-(2)-(3)-(4)-(5), is currently forming. The first four sub-waves have completed, and the final sub-wave (5) is developing. The Ripple price should be moving in sub-waves 3-4-5 down to a level of 0.240, where wave (5) will be 38.2% of impulse (3).

Trading plan for XRPUSD today:

Sell 0.304,

Take profit: 0.240.





Myanfx-edu does not provide tax, investment or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors.

Go to Register with LiteForex Platform

Financial Trading is not suitable for all investors & involved Risky. If you through with this link and trade we may earn some commission
.

Want to Trade Online?

Easy Trading Platform

Copy Experienced Traders

Trade from Your Pocket

Trade with Liteforex

CFD Trading on financial markets carries risks. Before deciding to trade, you need to ensure that you understand the risks involved.